5 important events this week will bring us!

14:06 03.06.2019

Rate statement by the Reserve bank of Australia (Tue, 7:30 MT (4:30 GMT)) – We anticipate a rate cut from 1.5% to 1.25%. The main reasons behind this decision lie in the intensifying trade tensions between the US and China and the slowdown of inflation. The rate cut is already priced in, that is why it is important to pay attention to the hints on the further decision by the RBA governor Philip Lowe.

The monetary policy statement by the European central bank (Thu, 14:45 MT (11:45 GMT)) – During this meeting, the rate cut is not expected, but we will focus on the speech by the ECB president Mario Draghi. If he provides positive comments on the outlook of the Eurozone, despite the global pressure, the EUR will rise.